We have nothing to fear but the fear of Brexit itself

British people are being told that there are two ways to approach Brexit, and they have to choose between them. An ideological way or a pragmatic way. Guided by formal principle or by practical necessity.

Catherine Barnard, professor of European Union law at Trinity College Cambridge, described the apparent options as follows: ‘You either have to prioritise sovereignty and domestic control, which has very significant economic costs; or you have to be more pragmatic and put a priority on your economic interests. A decision will have to be taken.’

So this is a stark choice, apparently, between sovereignty and economic livelihoods. The implication is that people shouldn’t be so stupid as to bring on economic deterioration resulting from a stubborn attachment to something as pretentious as wanting to ‘take back control’ over their nation and lives.

It is important that we cut through this presentation of Brexit. Read the full article here.

 

May’s industrial strategy will fail unless it clears out zombie firms

My opinion piece for City A.M. arguing that in order to generate a new dynamic for economic growth, government has first to stop propping up the zombie economy. The application of many regulations, of government spending and procurement policies, changes to insolvency rules, easier monetary policies – all these and more have acted to support incumbent businesses. The full article is here.